What will be the journal entry for advance payments made to the other parties?
Answers were Sorted based on User's Feedback
Answer / rakesh kumar
parties name a/c dr
to cash / bank cr
(being advance payment made to parties)
Is This Answer Correct ? | 19 Yes | 3 No |
Answer / mohan
debit to the advanced party and
credit to the who the advance made name party
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / khalid yousf
prepaid expanse a/c Dr
to chase a/c r BANK A/C
Is This Answer Correct ? | 1 Yes | 4 No |
Answer / yash
Yes Journal entry for advance payments made to the other
parties
Is This Answer Correct ? | 1 Yes | 10 No |
Answer / guest
Advance payment to ABC Ltd Dr XXXX
Machinery Cr xxxx
Is This Answer Correct ? | 5 Yes | 18 No |
Wht is the differance between Trade discount and cash Discount?
Tell me in balance sheet, where do you show tds?
what is journal entry ? please describe in detail.
What are the types of liabilities accounts?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
asset = liab + equity , Asset = 120000 + 1 third of asset. what is asset value.
7 Answers Vipro Lifescience Pvt, Wipro,
Purchase a goods from venkat for cash,it should be credited to Whom
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
Explain purchase day book.
What is compound journal entry?
What is BRS?